Mateo Lopez is not a resident of Canada. For the current year, Mateo has worldwide income of
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Mateo Lopez is not a resident of Canada. For the current year, Mateo has worldwide income of $120,000, including $15,000 of employment income earned in Canada and $2,000 of interest received from Canadian banks. The remainder of his income is from sources outside of Canada.
What amount of income must be reported on Mateo’s Canadian personal income tax return for the current year?
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A nonresident must report three sources of income on a Canadian ...View the full answer
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Related Book For
Canadian Income Taxation 2022/2023
ISBN: 9781260881202
25th Edition
Authors: William Buckwold, Joan Kitunen, Matthew Roman
Question Posted:
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